Steppingstone Center for the Potentially Gifted Inc

Analysis

Steppingstone Center for the Potentially Gifted Inc is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in June 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Steppingstone Center for the Potentially Gifted Inc reported income of $328k and spending of $254k, leaving 23% of income unspent that year. The sharpest change came in the year to August 2022, when income rose by 128%. Over the whole period it spent 147% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steppingstone Center for the Potentially Gifted Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include American Porphyria Foundation ($328k), Happier Valley Comedy Inc ($328k) and Root to Rise Inc ($328k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 8.7% and program service revenue 85% of the total. Other salaries and wages came to $128k. At year end it held assets of $356k against liabilities of $1.1m, net assets of -$738k. It reported 12 employees.